OTCPK:MGNT

Stock Analysis Report

Executive Summary

Meganet Corporation invents, develops, and markets data security, intelligence/counter-intelligence, and military operational devices.


Snowflake Analysis

Mediocre balance sheet with weak fundamentals.


Similar Companies

Share Price & News

How has Meganet's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MGNT's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

27.4%

MGNT

-0.1%

US Electronic

0.6%

US Market


1 Year Return

63.0%

MGNT

29.0%

US Electronic

24.6%

US Market

Return vs Industry: MGNT exceeded the US Electronic industry which returned 27.5% over the past year.

Return vs Market: MGNT exceeded the US Market which returned 24.7% over the past year.


Shareholder returns

MGNTIndustryMarket
7 Day27.4%-0.1%0.6%
30 Day15.4%1.9%3.0%
90 Dayn/a9.4%10.6%
1 Year63.0%63.0%30.3%29.0%27.3%24.6%
3 Year-83.3%-83.3%48.8%44.6%50.5%40.8%
5 Yearn/a88.8%79.2%78.9%59.1%

Price Volatility Vs. Market

How volatile is Meganet's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Meganet undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Meganet is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Meganet has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of MGNT’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Meganet regulatory filings here.
  • Explore potentially undervalued companies in the Tech industry.

Future Growth

How is Meganet forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

22.9%

Forecasted Tech industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Meganet has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

  • Take a look at our analysis of MGNT’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Meganet's filings and announcements here.
  • Explore growth companies in the Tech industry.

Past Performance

How has Meganet performed over the past 5 years?

11.9%

Historical Tech annual earnings growth


In this section we usually display a company’s past earnings and revenues to help investors visualise the trend through time. We also gauge the company’s performance by benchmarking its returns and growth to its industry peers and the wider market. However, Meganet has not provided sufficient past data to assess its track record.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have historical data.


Next Steps

Financial Health

How is Meganet's financial position?


In this section we usually analyse Meganet's finance health to determine how well-positioned it is against times of financial distress, in particular, its ability to manage its cash and debt levels. Meganet has not provided adequate balance sheet data, its financial health cannot be properly assessed as it.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have financial information.


Next Steps

  • Take a look at our analysis of MGNT’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • Investors tend to look at the financial health of a company this size in order to assess the sustainability of its current operations. While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website.
  • Financial health is measured at one point in time, so the latest financial report is the best representation of the company’s current financial status. Check when Meganet's financial data was last updated here.
  • Explore more healthy companies in the Tech industry.

Dividend

What is Meganet's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage1.5%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate MGNT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate MGNT's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MGNT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MGNT's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MGNT's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of Meganet's salary, the management and board of directors tenure and is there insider trading?

US$120k

CEO Compensation


CEO

Saul Backal (56yo)

10.8yrs

Tenure

US$120,012

Compensation

Mr. Saul Backal has been the Chairman and Chief Executive Officer of Meganet Corporation since March 26, 2009. Mr. Backal serves as the Principal Accounting Officer, Chief Financial Officer and Secretary  ...


CEO Compensation Analysis

Compensation vs Market: Saul's total compensation ($USD0.00) is below average for companies of similar size in the US market ($USD519.76K).

Compensation vs Earnings: Insufficient data to compare Saul's compensation with company performance.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Management Team

  • Saul Backal (56yo)

    Chairman

    • Tenure: 10.8yrs
    • Compensation: US$120.01k
  • Orna Mizrahi (52yo)

    Treasurer & Director

    • Merav Backal (52yo)

      VP & Director

      • Tenure: 7.6yrs

    Board Members

    • Saul Backal (56yo)

      Chairman

      • Tenure: 10.8yrs
      • Compensation: US$120.01k
    • Orna Mizrahi (52yo)

      Treasurer & Director

      • Merav Backal (52yo)

        VP & Director

        • Tenure: 7.6yrs

      Company Information

      Meganet Corporation's company bio, employee growth, exchange listings and data sources


      Key Information

      • Name: Meganet Corporation
      • Ticker: MGNT
      • Exchange: OTCPK
      • Founded: 2009
      • Industry: Electronic Equipment and Instruments
      • Sector: Tech
      • Market Cap: US$750.000k
      • Shares outstanding: 100.00m
      • Website: https://www.meganet.com

      Number of Employees


      Location

      • Meganet Corporation
      • 2510 East Sunset Road
      • Unit 5-777
      • Las Vegas
      • Nevada
      • 89120
      • United States

      Listings

      TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
      MGNTOTCPK (Pink Sheets LLC)YesCommon StockUSUSDFeb 2016

      Biography

      Meganet Corporation invents, develops, and markets data security, intelligence/counter-intelligence, and military operational devices. It provides encrypted products that protect data in biometric USB storage devices, computer files, email, chat, file transfer protocol, and others, as well as digital signature applications and an electronic file shredder that allows for the secure shredding of confidential files, folders, and disks. The company also offers bomb jammers that include motorcade applications for protecting convoys and soldier backpack applications for protecting foot patrols, dismounted backpack portable jammers, and facility jammers; communication interception products, including real-time cell phones, as well as satellite, Wi-Fi, and other communication interceptors; and secure communication applications consisting of encrypted cell phones, land lines, fax, PDA, radios, satellite phones, and others. In addition, it offers intelligence/counter-intelligence products include bugs, bug detectors, bomb sniffers, miniature cameras, and SPY and RAT phones, as well as digital video recorders; national security solutions for border protection from land, sea, and air; unmanned aerial vehicles, including airplanes and helicopters; ballistic projectiles and anti-aircraft guns, and optics; over the horizon radar system enabling to see ships in sea from the shore; and military products. The company develops data security solutions for enterprise, large organizations, and corporations worldwide, including the U.S. Department of Defense, military intelligence, and the Federal Government. It markets and sells its products through Federal Government GSA (U.S. General Services Administration) schedule, a government SEWP (Solutions for Enterprise-Wide Procurement), Website, email, electronic catalogs, and domestic and international distributors. Meganet Corporation was founded in 2009 and is based in Las Vegas, Nevada. 


      Company Analysis and Financial Data Status

      All financial data provided by Standard & Poor's Capital IQ.
      DataLast Updated (UTC time)
      Company Analysis2020/01/23 01:06
      End of Day Share Price2020/01/21 00:00
      Earnings2017/06/30
      Annual Earnings2017/03/31


      Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.